FS Annual Accounts now available ye 31/3/2018

I'm hoping an accountant type person will correct me but I was wondering what the creditors due within a year which is mostly comprised of "Deposits from Investors" is?

Surely our deposits don't form part of their accounts because they're segregated ?

Interestingly enough, the terms and conditions just say that the account for client deposits is separated, which does not read to me as segregated or ring-fenced, it could be simply that operational expenses are not drawn from it.

'Other debtors' has increased to near £2m and a more than corresponding increase in provisions. It doesn't look like a very good loan book they are holding to be honest.

Without the P/L account my guess would be this has been a poor year for FS and the momentum seems downward, cash in the bank has gone down by near £1m with seemingly nothing to show for it.

Having said that the sheer number of loans they have has kept them ticking over and the smaller scale of them seems to have prevented any type of damaging action. Had something like Whitehaven been worth a few million it might have been exposed as a scandal.

If you search the accounts for "Deposits from Investors"  and you'll see I extracted that from note 6.